FY2017 EPS Estimates for MKS Instruments, Inc. Lifted by Analyst (MKSI)
MKS Instruments, Inc. (NASDAQ:MKSI) – Equities researchers at Dougherty & Co raised their FY2017 EPS estimates for shares of MKS Instruments in a research report issued on Thursday. Dougherty & Co analyst R. Ryan now anticipates that the scientific and technical instruments company will post earnings per share of $5.15 for the year, up from their prior forecast of $4.80. Dougherty & Co currently has a “Buy” rating and a $100.00 price objective on the stock.
MKS Instruments (NASDAQ:MKSI) last released its quarterly earnings results on Tuesday, July 25th. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.41. The firm had revenue of $481 million during the quarter, compared to analysts’ expectations of $463.86 million. MKS Instruments had a return on equity of 19.47% and a net margin of 15.47%. MKS Instruments’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. ILLEGAL ACTIVITY WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/18/fy2017-eps-estimates-for-mks-instruments-inc-lifted-by-analyst-mksi.html.
A number of other brokerages also recently weighed in on MKSI. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 price objective (up from $71.00) on shares of MKS Instruments in a research note on Friday, April 28th. BidaskClub downgraded MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 5th. Zacks Investment Research raised MKS Instruments from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Friday, April 21st. Deutsche Bank AG initiated coverage on MKS Instruments in a research note on Wednesday, July 5th. They issued a “buy” rating and a $84.00 price objective on the stock. Finally, ValuEngine raised MKS Instruments from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. MKS Instruments has an average rating of “Buy” and a consensus target price of $84.00.
MKS Instruments (NASDAQ:MKSI) opened at 79.65 on Friday. MKS Instruments has a 12-month low of $45.85 and a 12-month high of $88.40. The firm has a 50-day moving average price of $77.86 and a 200-day moving average price of $73.72. The stock has a market cap of $4.32 billion, a PE ratio of 16.55 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 28th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, August 24th. MKS Instruments’s dividend payout ratio (DPR) is currently 14.58%.
In other MKS Instruments news, VP Brian Charles Quirk sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $79.30, for a total value of $158,600.00. Following the sale, the vice president now owns 15,785 shares of the company’s stock, valued at approximately $1,251,750.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Hanley sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $83.22, for a total value of $83,220.00. Following the completion of the sale, the director now directly owns 3,372 shares in the company, valued at approximately $280,617.84. The disclosure for this sale can be found here. Insiders sold a total of 3,550 shares of company stock worth $284,628 in the last ninety days. Insiders own 1.65% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in MKS Instruments by 9.9% in the first quarter. PNC Financial Services Group Inc. now owns 82,157 shares of the scientific and technical instruments company’s stock worth $5,648,000 after buying an additional 7,427 shares during the period. Ameriprise Financial Inc. raised its stake in MKS Instruments by 4.8% in the first quarter. Ameriprise Financial Inc. now owns 342,812 shares of the scientific and technical instruments company’s stock worth $23,568,000 after buying an additional 15,563 shares during the period. BlackRock Inc. raised its stake in MKS Instruments by 50,850.9% in the first quarter. BlackRock Inc. now owns 6,584,897 shares of the scientific and technical instruments company’s stock worth $452,712,000 after buying an additional 6,571,973 shares during the period. KCG Holdings Inc. raised its stake in MKS Instruments by 97.0% in the first quarter. KCG Holdings Inc. now owns 9,866 shares of the scientific and technical instruments company’s stock worth $678,000 after buying an additional 4,859 shares during the period. Finally, Geode Capital Management LLC raised its stake in MKS Instruments by 4.6% in the first quarter. Geode Capital Management LLC now owns 566,371 shares of the scientific and technical instruments company’s stock worth $38,938,000 after buying an additional 24,851 shares during the period. 97.04% of the stock is currently owned by hedge funds and other institutional investors.
About MKS Instruments
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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